Daily Headlines: Thursday, January 24, 2013

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January 24, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Wildfire Risk High in 2013 Due to Warm Weather, Drought, Warn Insurers With a mild winter, relatively warmer weather in general, and drought conditions expected to continue in 2013, the Insurance Institute for ... Safety Board Looking at Whistleblower Claims in 787 Battery Case The U.S. National Transportation Safety Board is looking at issues raised by more than one whistleblower as it investigates battery ... Half of 2012's Global Economic Losses Due to U.S. Natural Disasters: Aon While global economic losses were close to average in 2012, insured losses last year were 36 percent higher than the 10 year average ($72 ... Insurer Using Imaging Technology to Spot Home Hazards Before They Cause Damage A new imaging technology being deployed by Fireman's Fund Insurance Co. can help reduce the risk of catastrophic damage, injury and loss of ... President Obama to Nominate White to Head SEC, Renominate Cordray for Consumer Bureau President Barack Obama will nominate former federal prosecutor Mary Jo White to head the Securities and Exchange Commission, the White ... Insight Specialty Programs Partners with GoAgents.com Insight Specialty Programs (ISP), a developer and marketer of insurance, non-insurance and telematics products and services, has formed a ... ACE USA Expands Coverage for Hospitals, Miscellaneous Healthcare Facilities ACE USA's Medical Risk & Life Sciences Division has introduced four new coverage endorsements: media event expense, disciplinary proceeding ... Selling EPLI Coverage to the Small Business a Challenge, but Necessary After almost five years of continuous claims in the employment practices liability insurance (EPLI) segment, rates have started going up... More National News East N.Y. Insurers Sandy Response 'Report Card' Shows 0.48% Claims Complaint Rate The New York regulators' latest "report cards" on the performance of insurers in the wake of Superstorm Sandy shows that 1,830 consumer ... Penn.-Based PMA Companies Names Senior VP of Distribution Management Blue Bell, Penn.-based PMA Companies promoted Ken Stanley to senior vice president-distribution management and field operations.In this ... Scottish American Capital Acquires N.Y.-Based MGA Buckingham Badler New York-based investment fund Scottish American Capital has acquired managing general agent Buckingham Badler Associates, also of New ... Jimcor Agencies Names Pennsylvania Office Branch Manager Jimcor Agencies has appointed Christopher Hofmann to the position of branch manager of the Plymouth Meeting, Penn., office.Hofman brings ... More East News Midwest Michigan's Heavy Trucks Blamed for Ailing Roads Critics of Gov. Rick Snyder's call for more money to fix Michigan's ailing roads and bridges are pointing to the state's highway weight ... Ohio Woman Sentenced to Prison for Insurance Fraud Kelli Reyes, of Wauseon, Ohio, has been sentenced by the Fulton County Common Pleas Court to 10 months in prison after pleading guilty to ... Fire Deaths in Ohio Reach 26-Year Low in 2012 The number of fire-related deaths in Ohio dropped last year to a 26-year low, with the state fire marshal attributing part of the decline ... More Midwest News Southeast BP Says $332 Million in Florida Oil Spill Claims Approved The administrator of a class-action settlement between petroleum giant BP and oil spill claimants said that more than 34,000 Florida ... Florida Turns to Massachusetts for Health Insurance Advice Florida lawmakers considering how to implement the federal health care overhaul sought information this week from two economists on the ... More Southeast News South Central Texas Chiropractor Pleads Guilty to Defrauding Auto Insurers Bryan, Texas, chiropractor has entered a plea of guilty to engaging in a conspiracy to defraud various automobile insurance companies of ... Legislation Would Ban Texting While Driving in Oklahoma Legislation filed by state Rep. Curtis McDaniel would increase safety on Oklahoma roads by banning texting while driving, the lawmaker ... App May Help Track Impact of Louisiana Coastal Losses An Internet-based app under development may help a Web app may help document the disappearing culture of south Louisiana communities are ... More South Central News West Virgin Galactic Supports New Mexico Spaceport Liability Legislation Virgin Galactic says it supports newly proposed New Mexico legislation to limit liability of spacecraft part suppliers from damage lawsuits ... Atlas Taps Three Executives in Southern California San Diego, Calif.-based Atlas General Insurance Services named Andrew Petersen executive vice president of business development, Brad ... Freeman Joins Barney & Barney in Southern California San Diego, Calif.-based Barney & Barney LLC named David Freeman director of property/casualty sales. Freeman, who will be based in San ... More West News International Willis Experts See North Africa Terrorist Threats Rising after Algeria Attack Tim Holt, Head of Intelligence for Alert: 24, a new risk and crisis management consultancy from Willis Special Contingency Risks (SCR), ... Aon Benfield's 2012 Cat Review Finds 36% Rise in Insured Losses at $133 Billion Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has published its Annual Global Climate and ... Insurance Associations Welcome IMF Report on Brazil Reinsurance Market A group of insurance trade organizations - American Council of Life Insurers (ACLI), American Insurance Association (AIA), Association of ... Swiss Re Announces Aviation, Agriculture Management Changes Swiss Re announced that its reinsurance business unit is undertaking changes in its organizational set-up of special lines. "Agriculture ... Best Affirms Swiss Re and Sub's 'A+' Ratings; Outlook Stable A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit ratings (ICR) of "aa-" of Swiss ... Ratings Roundup: JRG Re, ASSA/Lion Re, TP Re A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A-' (Excellent) and issuer credit ratings (ICR) of "a-" of Bermuda-based ... More International News Join the Insurance Journal Network Insurance Journal TV Government, Insurers Should to Join for Nat Cat Costs: Oliver Wyman Nothing occupies everybody's thoughts as much as a severe crisis. Now we've got two of them -... Watch Now Effects of Worldwide Economic Instability on American Companies Despite a slightly improved economy here in the U.S., the global economy is not out of the... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Security service work comp carriers? Posted: Thu Jan 24 -- Good morning. In need of names of carrier direct that write security services- security patrol in California. Your help greatly appreciated.... CIScommercial High Value homes in brush Posted: Thu Jan 24 -- I can help with hard to place risks of that nature and many other difficult risks, we are coverholders with Lloyds and program... pillsfl Insuring an LP consisting of several other entities Posted: Thu Jan 24 -- If this a true LP - Limited Partnership, then based on what you describe, Company B would be the General Partner and Company C would be a... Big Dog What is your biggest pain as an agent? Posted: Thu Jan 24 -- "rodgwag, I am with you, as far as I wish I did not have to do any service work. Keep in mind carriers do not like to pay... rodgwag Farmers Changes Hiring Policies Re: Bankrupcy Posted: Wed Jan 23 -- lonestar, I started out life with Farmers in February 1982. I left them in February 1989 by "mutual" consent. In 1994... gregcw State Auto Opinions Posted: Wed Jan 23 -- I have had claims problems as well. They are the slowest in claims response / followup and communication with my clients. I cringe the most... lonestar CPCU 500 HELP! Posted: Wed Jan 23 -- I did the whole thing using the older books because I bought all of them at once and then they changed it on me when I was ready to take the... paulbennings Go to Forums Reader Comments Should Worst-Flooded Areas Be Left After Superstorm Sandy? Posted: Wed Jan 23 -- If these folks want to rebuild, fine, but isn't it reasonable to mandate that taxpayers shouldn't have to bear the cost of repeated rebuilds... wvagt In Inaugural Address, Obama Vows to Tackle Climate Change Posted: Tue Jan 22 -- Let me guess---this war will be waged via higher taxes as the cure. Can't wait until we are rid of this guy. Climate change is a scam. wayne What Employees Should Know About Healthcare Changes Ahead Posted: Thu Jan 17 -- We're going to Love what happens? Why is this publication subscribing to propaganda like this article? Chris Green Massachusetts Bill Would Require Gun Liability Insurance Posted: Sun Jan 20 -- You don't have a RIGHT to own a car. You do have a RIGHT to own a firearm. This is more like requiring a poll tax to vote. John Schiffermuller Superstorm Sandy Challenges Definition of Basement in New Jersey Posted: Tue Jan 22 -- Why didn't they challenge the definition BEFORE they had a loss? These people read their policies, right???? Let's see, it's flood... 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